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EGLD
Long

Elrond EGLD upside potential for Wave 3 at 151.94$

By Crypto_Mercy
Updated
Elrond is without a doubt on the rise and for good reasons.
The new Egold a top prospect in the crypto world. Maiar wallet is coming soon and
Elrond and Binance Smart Chain Integration will enable Strategic DeFi Interoperability.
Thus, Elrond can process upwards of 15,000 transactions per second ( TPS ), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

Here a some technical key aspects to be bullish on Elrond :

-Current Supply : only 16 768 545 EGLD
-Total Supply will be : 21 074 792 EGLD
-Total Delegated stacking : 7 millions EGLD for 340 millions dollars
-Total Validators stacking : 6.2 millions EGLD for 300 millions dollars

Elliott Wave Analysis.

Potential Main Wave 3 fibonnaci targets
-71.52$ (161.8%)
-111.73$ (261.8%)
-151.77$ (361.8%)

Current support on D for EGLD
-EMA Ribbon between 38$ and 30$
-MA21 at 38.21$
-MA7+9 at 40 .81$ and 41.45$

I will post many follow up on Elrond every week, stay tuned!
If you appreciating this analysis you can make a donation by clicking the link under.
Leave a comment, or ask a question.. i'll do my best to answer you.
Best to you !
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Current triangle can bring is at 63$
tradingview.com/chart/hhcz27Nj/
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63$ was right on ...eh near.. 62$. Let see now where we might go.
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RIGHT ON TARKET 74$ !!
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Here is an update guys ! You can use this link i will update this chart . Daily close was bullish with a long legged (hammer)... but.. but.. we are on at the top of the logarithmic channel with resistance. Maiar is going out tomorrow, Buy the rumors sell the news ? KDJ does't look good.. we might get a bearish cross tomorrow. Best to you


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On the 4hr chart we have a zoom in on what is happening. We had a KDJ bearish cross.. and no sign yet that we a ready to go up again to break the roof. For now the candle in fomation look more like a gravestone which is no good. It look like the bears want to bring EGLD lower...
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On the 5D which will close in 4days.. we have a bearish gravestone in formation.. but we need to wait for the confirmation in 4 days.
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Here a some most probable target for the C wave in green !
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Inverted hammer on the ELGD/USDT. Does not look pretty !
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On the 6 hours we had a double top and still no sign of reversal yet.
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Great target is 45.25$
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This pattern is something to watch short term with the compression of the EMA Ribbon.. snapshot
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Falling wedge
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Juste make it through 161.8% over 71.42$ RSI is very high at 91.18 on the D chart.
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and the D candle had not closed yet over the fib. Stay vigilent !
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Possible Rising wedge tradingview.com/chart/j5XVMS0V/
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Compressed version snapshot
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If the wedge want to play cos the RSI is very high, here are some hypothetic targets
tradingview.com/chart/j5XVMS0V/
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Let see
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falling wedge change his own shape snapshot
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upside potential targets snapshot
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Road to 111.. breakout out of the main channel !
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Fib 200% auroudn 86.50$ snapshot
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if you like my update thanks for donating CHEER
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some targets for Wave C
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147$ today damn !
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4 entry points for W5 if this was the W4 top at 185$ snapshot
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EGLDegldusdegoldElliott WaveelrondelrondgoldelrondlongFundamental AnalysisMoving Averages
Crypto_Mercy

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